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Dec 31, 2012
12/12
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>> everybody has packed up and gone home except for joe biden and mitch mcconnell, they are having multiple conversations and these folks are running point on negotiations, harry reid who was negotiating has left the capital. so those negotiations have died throughout the remainder of today or earlier today. you have the vice president and senate minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security tax by a couple points. all of that ongoing right now and that is really the last hope we have to get something done before the fiscal cliff. >> does the minority leader and the senate, do they concur with the house of representatives. because it's eventually going to have to go through the house? >> absolutely. they would remaining in contact. just to make sure that the house would be agreeable to whatever the senate minority leader put out. democrats would have to be apprised of that as well but any agreement is probably going to need democrats in the house of representatives. the house is also working on a
>> everybody has packed up and gone home except for joe biden and mitch mcconnell, they are having multiple conversations and these folks are running point on negotiations, harry reid who was negotiating has left the capital. so those negotiations have died throughout the remainder of today or earlier today. you have the vice president and senate minority leader. the last time they finished the deal the tax deal we got a couple years ago that extended tax rates, cut the social security...
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Dec 31, 2012
12/12
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FOXNEWSW
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arthel: mitch mcconnell making remarks on the senate floor. let's listen in. >> we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. the president said quote for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow, i agree. he suggested that action on the sequester is something we continue to work on in the coming months. so i agree. let's pass the tax relief portion now, let's take what's been agreed to, and get moving. let me say this was not easy to get to. the vice president and i last spoke yesterday at 12:45 this morning and 6:00 this morning and multiple times during the day. this has been a good-faith negotiation. we all want to protect taxpayers and we can get it done now. right now. so let me be clear. we'll continue to work on finding smarter ways to cut spending, but let's not let that hold up protecting americans from the tax hike that will take place in 10 hours. 10 hours from now. we can do t
arthel: mitch mcconnell making remarks on the senate floor. let's listen in. >> we are very, very close. as the president just said, the most important piece, the piece that has to be done now is preventing the tax hikes. the president said quote for now our most immediate priority is to stop taxes going up for middle class families starting tomorrow, i agree. he suggested that action on the sequester is something we continue to work on in the coming months. so i agree. let's pass the tax...
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Dec 31, 2012
12/12
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WUSA
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senate minority leader mitch mcconnell reached out to him sunday night after talks with democrats stalled. but with just hours go until this deadline there are still obstacles standing in the way of even a watered down agreement. lawmakers left the capitol sunday night without a deal in place, but leaders from both parties expressed their willingness to continue working. >> there's still significant difference between the two sides but negotiations continue. >> i want everyone know i'm willing to get this done but i need a dance partner. >> some progress was made sunday when they dropped a proposal to slow social security growth but the main sticking point between democrats and republicans continues to be over the threshold of tax increases. president obama campaigned on raising taxes on income over $250,000 while many congressional republicans have pushed back on any increase in taxes. >> they say that the biggest priority is making sure that we deal with the deficit in a serious way, but the way they're behaving is that their only priority is making sure that tax breaks for the wealthie
senate minority leader mitch mcconnell reached out to him sunday night after talks with democrats stalled. but with just hours go until this deadline there are still obstacles standing in the way of even a watered down agreement. lawmakers left the capitol sunday night without a deal in place, but leaders from both parties expressed their willingness to continue working. >> there's still significant difference between the two sides but negotiations continue. >> i want everyone know...
360
360
Dec 31, 2012
12/12
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KGO
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. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than $3,400. senate leaders continued to work on the stop gap bill. but sticking points remain. >> there's still significant difference between the two sides. but negotiations continue. >> reporter: reid said negotiations will continue through the night, with just hours left until that deadline. john and paula? >> preeti, thank you. >> so they are working right now, hopefully on something -- senator mitch mcconnell is working hand in hand with the vice president who said i think we all know we're running out of time. i want everyone to know i'm willing to get this done, but i need a dance partner. which w
. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. the tax impact for the average american family, more than...
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Dec 31, 2012
12/12
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. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but sticking points remain. >> there's still significant difference between the two sides, but negotiations continue. >> reporter: reid said negotiation also continue through the night, with just hours left till that deadline. john and paula? >>> secretary of state hillary clinton is spending new year's eve in the hospital. during a checkup for her concussion, doctors discovered clinton developed a blood clot. now she's on medication. the medical experts we spoke with speculate that clinton may have developed the clot after days of inactivity due to the concussion. >> we wish her a speedy recovery. >>> m
. >> reporter: minority leader mitch mcconnell called vice president biden in for help. biden is now said to be playing a direct role. >> there's no single issue that remains an impossible sticking point. the sticking point appears to be a willingness and interest or frankly the courage to close the deal. >> reporter: if congress doesn't act soon, drastic spending cuts will go into effect and taxes go up for everyone. senate leaders continue to work on the stop gap bill, but...
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Dec 31, 2012
12/12
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. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> reporter: but the morning's optimism turned into the afternoon's pessimism. the senate opened for business at 1:00 p.m. with the ominous prayer from the chaplain. >> look with favor on our nation and save us from self-inflicted wounds. >> reporter: soon democratic leader reed acknowledged he had not been able to make a counteroffer to republicans. >> it's just that we're apart on some pretty big issues. >> reporter: grfrt -- frustrated with the impasse, republican mcconnell said he called vice president biden, urging
. >> reporter: with that harry reid and mitch mcconnell launched a last-ditch effort to craft a bipartisan plan to that would at the very least, protect most people from a big tax hike going into effect on new year's day. the senators and their staffs negotiated all day saturday. saturday night republican leader mcconnell made his offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are certainly no breakthroughs yet, but there's...
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Dec 31, 2012
12/12
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FOXNEWSW
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moments ago we had senator mitch mcconnell, the to be senate republican walk in. he had spoken to the vice president last night after midnight. spoke to him again this morning at 6:30 in the morning. by those measures it certainly seems like there is a good pace, if you will, to discussions between the two key figures to the negotiations at this critical stage. bottom line, talks are ongoing. a lot of official channels have been pretty quiet about signs of progress but senator kyl in a candid moment he does hear there is progress. and they are hopeful, hopeful, we will get a deal at some point and perhaps bring it to the floor. heather? heather: mike, i want to ask you in terms of all the time changes, do they still look to reconvene at 11:00? is that the latest you've heard? >> reporter: that is the latest we are hearing. they will be back on the floor at 11:00 a.m.. we should get some comments at that point from the relevant senate leaders, mcconnell and reid. but we'll see, we'll listen carefully for any signs of announcement at their point or whether they are
moments ago we had senator mitch mcconnell, the to be senate republican walk in. he had spoken to the vice president last night after midnight. spoke to him again this morning at 6:30 in the morning. by those measures it certainly seems like there is a good pace, if you will, to discussions between the two key figures to the negotiations at this critical stage. bottom line, talks are ongoing. a lot of official channels have been pretty quiet about signs of progress but senator kyl in a candid...
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Dec 31, 2012
12/12
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MSNBCW
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which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of
which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit...
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Dec 31, 2012
12/12
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MSNBCW
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which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban
which will -- it will be interesting to see if that's how the republican leader, mitch mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the...
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Dec 31, 2012
12/12
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mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do that. i do think that mcconnell -- that's where he wants to be. can he get there in the next 24 hours? that's what we don't know. >> tom brokaw? >> well, it seems to me that the middle class is going to have a date for the prom. everybody is talking about protecting the middle class here. so i think this deal will probably get done around the middle class tax cut. it's at what level. $400,000 or $250,000 or some other number. which is going to be critically important. a lot of people don't realize in a large urban and suburban areas of america, $250,000 does
mcconnell, who is the key here, does he sign off on a deal. if he signs off on a deal, something will happen. does he read that and say, boy, we need to take this tax issue off the table. he is a big believer of this. take the tax issue -- give the president his tax hike on the rich now. fight him on everything else when taxes aren't part of the conversation. fight him on everything else in six weeks when the debt ceiling is hit or eight weeks, 12 weeks, whenever that fight happens, and do...
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Dec 31, 2012
12/12
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WBFF
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mitch mcconnell, (r) minorriy leaaer-- i'm interestee in getting a result hhre. i was here all day yesterdaa and we submitted our lateet proposal at 7pm. last with whhever can help. --vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broader deal bb midnighh.. --sot: president brack obama, source: nbc (pre-fonttd)-- let's at inimum make sure that peeple's taxes don't go don't loseetheir unemmloyment - innurance --rene oo camera-- january first -- hikes and 1) at this late stage of the game what is theesticking point? what is keeping both sides from a deal? 2) with soolittle time left are any laamaaers exprrssing actually get this done in time? coming uppin ourrhometown hotsp. hotspot... the ecret iigredients... to curing thoss post-party ppins.where you can go....for a new year'' day brunch.yyu're watching fox 45 morning news.. all local.. all morning. ((break 7)) -3 3 if you don't ave plans to ring in the new year yet... wee have great oppion for you. in lassvegas and you can see it all right he
mitch mcconnell, (r) minorriy leaaer-- i'm interestee in getting a result hhre. i was here all day yesterdaa and we submitted our lateet proposal at 7pm. last with whhever can help. --vo-- sunday the president made an appearance on meet the prrss 3 calling for a mini deaa if congrrss can't agree on a broader deal bb midnighh.. --sot: president brack obama, source: nbc (pre-fonttd)-- let's at inimum make sure that peeple's taxes don't go don't loseetheir unemmloyment - innurance --rene oo...
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Dec 31, 2012
12/12
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KPIX
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mcconnell. >> it's now 2:00 p.m. and we've yet to receive a response to our good faith offer. >> democratic leader harry reid said the gulf over taxes was still too wide, and he indicated the white house might be tying his hands. >> i've had a number of conversations with the president, and at this stage, we're not able to make a counteroffer. >> reporter: so senator mcconnell called the vice president, who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: democrats want to let the bush-era tax cuts expire for all household incomes over $250,000 a year. republicans would rather set the cutoff at around $500,000 or keep the tax cuts in place for everyone. the two sides are also at odds over the estate tax rate which currently stands at 35% but is set to revert to 55%. even if senate leaders do strike a deal and pass a bill today, it would still need to go up for a vot
mcconnell. >> it's now 2:00 p.m. and we've yet to receive a response to our good faith offer. >> democratic leader harry reid said the gulf over taxes was still too wide, and he indicated the white house might be tying his hands. >> i've had a number of conversations with the president, and at this stage, we're not able to make a counteroffer. >> reporter: so senator mcconnell called the vice president, who he served with in the senate for 24 years. the two men spoke...
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460
Dec 31, 2012
12/12
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KRON
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. >> vice president joe biting it is apparently that person for mitch mcconnell. if nothing is resolved by midnight tax rate from all americans will increase. democrats say it is about $2,000 for the average middle-class family. >> one mom in michigan said that is four months or the gross. that is commuting back and forth to work in gas from to three years. that is a lot of money. >> democrats want higher taxes on families earning to london $50,000 per year and over. --$250,000 per year. republicans want tax cuts to stay where they are. president obama says he is willing to do that. >> i offered over a trillion dollars in additional spending cuts. so that we would have $2 of spending cuts for every $1 of increased revenue. >> the senate stand in recess. >> the senate reconvenes at 11:00 a.m.. as americans celebrate the beginning of 2013 they may wake up wishing it were 2012 when they had more money in their pockets. >> i am andrew spencer reporting. >> the time is 4:30. we will follow the fiscal cliff. lawmakers will meet in about three and one-half hours 8:00 a.m
. >> vice president joe biting it is apparently that person for mitch mcconnell. if nothing is resolved by midnight tax rate from all americans will increase. democrats say it is about $2,000 for the average middle-class family. >> one mom in michigan said that is four months or the gross. that is commuting back and forth to work in gas from to three years. that is a lot of money. >> democrats want higher taxes on families earning to london $50,000 per year and over....
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Dec 31, 2012
12/12
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WUSA
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mcconnell. >> it's now 2:00 p.m. and we've yet to receive a response to our good-faith offer. >> he indicated the differences were too wide and he indicate thad the white house might be tying their hands. >> i've had a number of conversations with the president and at this stage we're not able to make the counteroffer. >> so senator mcconnell called the vice president who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want everyone to know i'm willing to get this done, but i need a dance partner. >> reporter: democrats want to let the bush-era tax cuts expire for all household income over $250,000. republicans would rather set the cut-off at around $500,000. the estate tax rate stands at 35%. it is set to revert to 55%. at this point, many members are just hoping their leaders can come up with something if only to show that congress is competent. >> i don't think anyone here is going to benefit from a calamity happening in this country's economy. >> reporter: any agreement, if
mcconnell. >> it's now 2:00 p.m. and we've yet to receive a response to our good-faith offer. >> he indicated the differences were too wide and he indicate thad the white house might be tying their hands. >> i've had a number of conversations with the president and at this stage we're not able to make the counteroffer. >> so senator mcconnell called the vice president who he served with in the senate for 24 years. the two men spoke several times sunday. >> i want...
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Dec 31, 2012
12/12
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KTVU
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at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would have to vote on it. kyla campbell, ktvu channel 2 news. >>> 7:16. even if congress avoids the flip, your paycheck will still be smaller in 2013. that's because a temperature reduction in the social security payroll tax expires today. starting in january, workers will, once again, have 6.2% of their wages withheld to pay for social security. that's up from the 4.2% rate that's been in effect for the past two years. people making $50,000 will get about $83 a month less in their paychecks. >>> 7:16. a new report from the u.s. senate on the attack on the u.s. consue rit in -- on
at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate comes one a plan and passes it, the -- comes up with a plan and passes, it the house would...